The holder of Colimet Ltd., Mario Colic, It expresses his thoughts on the progress of the current Zinc:
“Despite the absence of China due to the festivities of “Lunar year” (from the 4 al 10 February 2019) the prices of zinc resumed galloping at LME, and the prices today 3 months have exceeded the level 2.800 $/Your.
In just 5 days, by the end of January 2019, the price has returned to the starting level in July 2018.
The short-term expectations do not leave predict a cooling; rather a bullish trend continuation.
There are two factors that weigh:
- a reduction of stocks in official LME warehouses,
- reducing the production of zinc metal in China, dovuta alle diverse fermate e chiusure di fonderie di Zinco e Piombo per problemi di inquinamento dell’aria e dei suoli a causa dello stoccaggio di residui di Jarosite.